Real wages had been flat for several years in most OECD countries until just before the pandemic. Then they soared as labor markets tightened. Widespread inflation has stifled these wage gains, hindering the purchasing power of consumers’ take-home pay.

Paycheck pinch
We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at:

To read the article, see “How inflation is flipping the economic script, in seven charts,” July 6, 2022.